Google, Verizon 'Planning to Bid For Yahoo' as Bid Deadline Extended

April 8, 2016 10:33 AM

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Verizon is ready to make a bid for Yahoo's web business, and hopes to make a merger more successful by also making an offer for a stake in Yahoo's Japan subsidiary, Bloomberg reported on Thursday, citing a source familiar with the matter.

The telecom giant is planning to make a first-round bid for Yahoo's web business next week, the news organization said. News outlets also reported Friday morning that Yahoo had moved the bid deadline from April 11 to April 18.